IBA Issues Bank DA and DR Orders for the period August 2016 to January 2017

IBA Issues Bank DA and DR Orders for the period August 2016 to January 2017

The confirmed All India Average consumer Price Index Numbers for Induustrial workers (Base 1960=100) for the quarter ended June, 2016 are as follows:-

April 2016 – 6185.82
May 2016 – 6277.12
June 2016 – 6322.77

In terms of Regulation 37 of Bank Employees ‘Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.